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Author Question: Which one of the following is TRUE? A) New growth theory suggests that there is no connection ... (Read 94 times)

cabate

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on: Jun 30, 2018
Which one of the following is TRUE?
 
  A) New growth theory suggests that there is no connection between the level of education in a country and its rate of economic growth.
  B) New growth theory suggests that education benefits only those people who receive it, and not the population as a whole.
  C) Investments in secondary education produce gains in the form of economic growth.
  D) Secondary education does not boost economic growth in developing nations, because so much of the workforce remains in agriculture.

Question 2

According to Keynes, the stickiness of wage rates could best be explained by
 
  A) short-term labor contracts. B) minimum wage laws.
  C) unions and long-term labor contracts. D) government interference.


cupcake16

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


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